SOL news update: Solana treasury building activates rally toward $240
Main Idea
Solana (SOL) is showing bullish potential with a possible rally to $240, supported by treasury building and ETF buying, while facing resistance at $209 and key support at $185.
Key Points
1. SOL faces profit-booking near $209 but remains bullish as long as it stays above $185.
2. DeFi Development Corp acquired 141,383 SOL, increasing its treasury to 999,999 SOL, boosting market confidence.
3. The REX-Osprey Solana ETF surpassed $100 million in assets under management within 12 trading days of its launch.
4. A rebound from $185 could lead to a surge toward $240, with resistance at $220 and critical support at $185.
5. A break below $185 could signal a deeper correction, while a break above $209 may resume the uptrend.
Description
SOL treasury building and robust inflows to the Solana staking ETF hint at rising demand and a potential rally to $240.
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